Curated Shopping Group operates men's online fashion ecommerce sites MODOMOTO and The Cloakroom. The business runs in seven countries and reports about 250 employees and 400,000 customers, boosted by last year’s acquisition of Dutch competitor The Cloakroom. The company had eschewed external funding until this round. Management said it will be profitable in 2017. Andreas Fischer said the new funds will be used to grow the company’s expansion plans. Auden AG's CEO added the investor will support European expansion and deeper market penetration in German-speaking countries and described curated shopping as a multi‑billion potential market due to high customer loyalty and above‑average sales and margins.

Total raised

$6M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2017